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Mar 25, 2013
03/13
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but you have to remember in terms of sales, our defense business less than a third of our sales. we have projected about high single-digit sales reduction over the next three years over that time. our company is one i guess comes from how we are structured, companies are flexible. as soon as the actual details of sequestration and what programs will be affected are announced, our companies can turn on a dime and escape without much a reduction. liz: thank you very much. it is a great story, talk about hedging. they have both commercial and military, not all of their eggs in one basket. the stock is up 19% year to date, so a good story, he said his full confidence in the dreamliner. that is exclusive on fox business. could an antibiotic apocalypse be on its way? the publicly traded company stopping the germs in its tracks. they have to worry and hear about this. we will be right back. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a m
but you have to remember in terms of sales, our defense business less than a third of our sales. we have projected about high single-digit sales reduction over the next three years over that time. our company is one i guess comes from how we are structured, companies are flexible. as soon as the actual details of sequestration and what programs will be affected are announced, our companies can turn on a dime and escape without much a reduction. liz: thank you very much. it is a great story,...
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Mar 25, 2013
03/13
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on wednesday the federal defense of marriage act will be front and center. gop strategist karl rove signaled this weekend there could be a major shift in his party's outlook. >> can you next imagine the next presidential campaign, the republican candidate saying i'm flat out for gay marriage? >> i could. >> some prominent republicans have slowly been warming to the idea of same-sex marriage. reports this morning say the party is using that evolution as a fund-raising opportunity. >>> american amanda knox who was acquitted of killing her british roommate while studying abroad. but today a very anxious knox will find out if that acquittal stands. the italian supreme court is expected to announce whether the 25-year-old will have her guilty verdict reinstated or if a new trial will be set. >>> two arrests in georgia after a 13-month-old baby was shot to death while sitting in his stroller. 17-year-old de'marquise elkins sign seen here and a 13-year-old boy are charged with first-degree murder. >>> the co-owner of sky dive city near miami says the men became una
on wednesday the federal defense of marriage act will be front and center. gop strategist karl rove signaled this weekend there could be a major shift in his party's outlook. >> can you next imagine the next presidential campaign, the republican candidate saying i'm flat out for gay marriage? >> i could. >> some prominent republicans have slowly been warming to the idea of same-sex marriage. reports this morning say the party is using that evolution as a fund-raising...
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Mar 25, 2013
03/13
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in terms of the sectors, a little more on the defensive side. consumer staples down the least of some of the major groups. >> kenney, come on in and join the group. bob mentioned the financials. what can happen in europe might eventually happen here in the united states. >> i don't suspect it really koul could happen but it gives investors an excuse to be cautious and take things off the table. we went right to the high and ran right into resistance. again, it gave people a chance to say let me take some money off the table and see where it goes. it's st end of the month. we will go into thursday with a little more to the upside but i don't think we're breaking any highs this week. >> if it really reflects european policy -- >> that's the big question. >> this is a victory for the moral hazard crowd. people claiming that endless bailouts are just wrong. but it introduces a whole new can f worms. >> it doesn't put the issue to sleep. only continues to bring it to the surface. >> what do you bring to the markets today? >> i think the market will e
in terms of the sectors, a little more on the defensive side. consumer staples down the least of some of the major groups. >> kenney, come on in and join the group. bob mentioned the financials. what can happen in europe might eventually happen here in the united states. >> i don't suspect it really koul could happen but it gives investors an excuse to be cautious and take things off the table. we went right to the high and ran right into resistance. again, it gave people a chance...
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Mar 26, 2013
03/13
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are they a bit more defensive? >> i think it is. what they're anticipating is rates are going to go up, especially in the united states. they're concerned about government credit, specifically in the europe ozone with what happened in cyprus as a reminder of what can take place. they're looking for safety to some degree, and they're finding that in corporate balance sheets, and in companies that are improving in terms of their economic outlook. also in countries with the balance of payments, and the credit circumstances are materially better. they're acting on that this year, which they were not in 2012. >> what about m & a activity. we've seen a lot of that pickup. and some of it has to do with just the fact there's a lot of cash around and you can do these deals as all cash. are investors trying to piggyback on that trend? >> yes, they are, especially through hedge funds. a material impact of low rates and investor demands. so more wealthy investors are moving money into hedge funds, specifically into relative value funds, and equ
are they a bit more defensive? >> i think it is. what they're anticipating is rates are going to go up, especially in the united states. they're concerned about government credit, specifically in the europe ozone with what happened in cyprus as a reminder of what can take place. they're looking for safety to some degree, and they're finding that in corporate balance sheets, and in companies that are improving in terms of their economic outlook. also in countries with the balance of...
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Mar 26, 2013
03/13
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i don't know how you can make the argument that 800,000 civilian defense workers losing their jobs can be good for the economy. i don't quite see how that's possible, and now on spending on preschool, look, what we're looking at now, forget the president's agenda to increase it. we're now looking at major cut to head start because of the sequester. i don't know if that impacts on the economy today, but you can't tell me this is a good thing for the future when we take away the programs for kids. >> bottom line is, literally, barack obama needs more revenue. he needs another source. he just raised taxes on the risk, talking about closing ductions which is not enough. i'd like to predict they will eventually put another tax mechanism on the table such as a value added tax or some kind of carbon tax because they similarly have to have a sustain revenue flow to support things like the $10 billion a year for universal education. sandra: rick? >> it's a wonderful idea, dan, but it'sot going to happen. >> they'll try. >> no, they won't. sandra: we'll leave it there. thank you so much for join
i don't know how you can make the argument that 800,000 civilian defense workers losing their jobs can be good for the economy. i don't quite see how that's possible, and now on spending on preschool, look, what we're looking at now, forget the president's agenda to increase it. we're now looking at major cut to head start because of the sequester. i don't know if that impacts on the economy today, but you can't tell me this is a good thing for the future when we take away the programs for...
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Mar 26, 2013
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by the way, on wall street and the defense department and others who have taken up other devices. it's very difficult once you start looking at the ecosystem that is the apple os, the operating system and all of the apps that are around that to think that blashg blackberry will be what it used to be. having said that, if blackberry can just eke out small little gains they can make big wins for the company and for the stock, i wouldn't count them out just yet. >> let me ask both of you this, andrew and john. when you look at these companies and others of this ilk, is it a technology problem that got them here or is it a management problem or is it both? >> in both cases management was too proud of what they had already accomplished and didn't look around the corner and see what was coming. on the technology side, both had a similar problem. blackberry didn't design an operating system that could do web surfing and can handle apps and apple had that already and they figured they were fine ruling email and messaging just like they'd done before. they need to figure out what the next
by the way, on wall street and the defense department and others who have taken up other devices. it's very difficult once you start looking at the ecosystem that is the apple os, the operating system and all of the apps that are around that to think that blashg blackberry will be what it used to be. having said that, if blackberry can just eke out small little gains they can make big wins for the company and for the stock, i wouldn't count them out just yet. >> let me ask both of you...
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Mar 26, 2013
03/13
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they weren't synonymous with safety and defense and dividend yields like they are now. they were actually synonymous with growth. at that time, the major drug companies were innovation factories, constantly churning out new and better drugs. and best of all, they traded like growth stocks. these days, merck and pfizer trade at 11 and 12 times respectively and dividend factories. back then they traded 40 times earnings with meager dividends. i mention all this, because even though the housian days of big phrma may be over with the blockbuster drugs of the '90s having gone generic and the stock trading on fixed income vehicles, there's a group of stocks right now that remind me of the big pharmaceutical companies 15, 20 years ago. i'm talking about the large-cap biotech companies that are bursting with innovation. companies that have terrific pipelines full of new drugs with enormous potential. i think these fast-growing biotext have the potential to be the next big phrma stocks which is why i'm highlighting them all week. last night i told you about cramer-fave celgene!
they weren't synonymous with safety and defense and dividend yields like they are now. they were actually synonymous with growth. at that time, the major drug companies were innovation factories, constantly churning out new and better drugs. and best of all, they traded like growth stocks. these days, merck and pfizer trade at 11 and 12 times respectively and dividend factories. back then they traded 40 times earnings with meager dividends. i mention all this, because even though the housian...
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Mar 18, 2013
03/13
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raised equity and built up a cash horde. 92% of their available days this year are covered by more defensive one- to two-year time charter agreements. these things allow the company to hold up much better than it's competitors. even though i think the dry bulk industry might be bottoming, it's still bad enough that i want to stick with the safest player. diana, best of breed. you know how we always like best of breed. nothing's changed in eight years. beyond that looking into 2014, management is somewhat shifted to somewhat shorter duration times. that's good. they think rates are going higher. so they locked in rates when they could, and now they think it's going higher. meanwhile diana's used the weakest in the dry bulk market. buying ships at ultralow prices buying at a time when no one else can. why? because they kept relatively clean balance sheet. company can purchase $900 million worth of ships. and as day rates recover for dry bulk, the value of those ships will increase dramatically. if secondhand ships return to the reversion to the mean, that would be 77% higher than where they ar
raised equity and built up a cash horde. 92% of their available days this year are covered by more defensive one- to two-year time charter agreements. these things allow the company to hold up much better than it's competitors. even though i think the dry bulk industry might be bottoming, it's still bad enough that i want to stick with the safest player. diana, best of breed. you know how we always like best of breed. nothing's changed in eight years. beyond that looking into 2014, management...
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Mar 26, 2013
03/13
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as bristol-meyers is your classic defensive big pharma stock, company is going to keep growing no matter how badly the europeans screw up things because people always need their medicine. frankly, i think it's accelerating its growth. it's time to update this dictum in order to keep up with the times, old dog, new tricks. the big pharma stocks have been on a real roll lately. i liked bristol myers. we own it for our charitable trust. when i started screaming what that had to do with the price-to-ratios, it was the heyday when the major companies were growth juggernauts and their stocks were valued accordingly. let's take 1998, your typical big pharma stock traded between 30 to 40 times earnings. these days they trade in the low teens or even lower. many trade like fixed income vehicles. most of the huge blockbuster drugs from the '90s have gone off patent. they lost that spark of innovation that made their stocks such powerhouses back in the days of yore. so all this week, i want to go where the innovation is. i want to find the companies that could be the next gigantic pharma names. som
as bristol-meyers is your classic defensive big pharma stock, company is going to keep growing no matter how badly the europeans screw up things because people always need their medicine. frankly, i think it's accelerating its growth. it's time to update this dictum in order to keep up with the times, old dog, new tricks. the big pharma stocks have been on a real roll lately. i liked bristol myers. we own it for our charitable trust. when i started screaming what that had to do with the...
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Mar 22, 2013
03/13
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>> well, i think near-term, it's going to be probe more defensive in nature than cyclical. we're going to see a little bit of pause in the preference for risk assets, given concerns in cyprus, also some weak economic data coming out of germany. so, clearly, we're going to have a little bit of pause in risk. you're going to see some of the more defensive asset classes, health care, other high dividend-paying sectors, potentially doing better in the near-term. however, for the rest of the year, i continue to think that more cyclically sensitive industrials like technology can do better. >> and what do you think about -- >> i think there's got to be more offense. >> go ahead, say it again. >> maria, i think there's got to be more offense. that the auto and housing story is still in tact. that the energy infrastructure story for the u.s. is very much in tact. dresser and trinity are two plays there, and those are stocks we've talked about throughout this year. and they're going to be the stocks we're talking about in december of this year still. >> maria, i agree you have to pl
>> well, i think near-term, it's going to be probe more defensive in nature than cyclical. we're going to see a little bit of pause in the preference for risk assets, given concerns in cyprus, also some weak economic data coming out of germany. so, clearly, we're going to have a little bit of pause in risk. you're going to see some of the more defensive asset classes, health care, other high dividend-paying sectors, potentially doing better in the near-term. however, for the rest of the...
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Mar 25, 2013
03/13
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is gay marriage and the supreme court, it said, as we know to hear two cases on prop 8 and federal defense of marriage act and karl rove says he can see the 2016 presidential candidate favoring gay marriage so why the change and is this a financial play? >> yeah, one of the interesting details we're seeing is the donor collar of republicans is strongly behind republicans changing on gay marriage and actually rob portman who recently switched his view had just been kind of hammered in private meetings by the big new york donors on this issue so it's kind of an interesting development. >> will more republicans come on board do you think? >> it's kind of a -- the point is that there is a financial incentive for the party to open its position on the issue, that they could see donations from wealthy ben factors in places where this is more accepted. >> so you're saying money speaks? >> i think it does. i mean i think that's a driving force here and also, you know, the general change in culture. >> all right, well, let's shift to this because on gun control new york mayor michael bloomberg is su
is gay marriage and the supreme court, it said, as we know to hear two cases on prop 8 and federal defense of marriage act and karl rove says he can see the 2016 presidential candidate favoring gay marriage so why the change and is this a financial play? >> yeah, one of the interesting details we're seeing is the donor collar of republicans is strongly behind republicans changing on gay marriage and actually rob portman who recently switched his view had just been kind of hammered in...
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Mar 25, 2013
03/13
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and there's been a rotation into the defensive stocks in the markets. high quality blue chip, hold on to it. >> next up, verizon at an 11-year high. the list of mega cap stocks valued on price to forward earnings ratio. pete, what do you do? hold them or fold them? >> certainly i'd say hold them right off the bat. but look at the operating margins. that continues to expand -- >> look at you. >> yeah, look at the revenue, thatn't continues to grow. getting 4% yield on this stock. i think that's why you can hold this stock. i'd add to it at this point. >> add to it at 11-year high. next up, costco trading near an all-tie high, shares up 75% in the last three years. guy? >> i'm coming right at you. hold 'em. >> hold 'em. >> love it. >> i think i was the voiceover. it's a great story, benign tape it does well, great tape it does well. it's a slow and steady wins the race and i think costco continues to win here, folks. >> where else can you buy a tray of ribeyes? >> excuse me? >> costco. >> there's a great place if you want to go. you asked. >> could you ge
and there's been a rotation into the defensive stocks in the markets. high quality blue chip, hold on to it. >> next up, verizon at an 11-year high. the list of mega cap stocks valued on price to forward earnings ratio. pete, what do you do? hold them or fold them? >> certainly i'd say hold them right off the bat. but look at the operating margins. that continues to expand -- >> look at you. >> yeah, look at the revenue, thatn't continues to grow. getting 4% yield on...
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Mar 19, 2013
03/13
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a spot-on call, but with cracks forming in europe, is it time to get more selective, perhaps more defensive? joining us again is chris leavy. chris, welcome back. >> thanks for having me. >> you were right on. what do you think today given the backdrop of what's happening over in europe, combined with the fact that we've come so far in the stock market? >> sure, so in the very short term, we are -- we are overbought. so in the short term, some kind of modest pullback would be perfectly natural and normal to see. longer term, though, we still think equities have further to go. you're only at 13 times next year's earnings right now in terms of what we see for earnings. and that's just not a demanding valuation. and when you factor in all of the share-repurchase activity that keeps a bid on this market, combined with some of the positive flows we've seen, we think that any corrections along the way will be reasonably modest and that you'll end the year higher. >> you know, the fed obviously will come out with its statement tomorrow. do you believe, as we talked about at the top of our show, th
a spot-on call, but with cracks forming in europe, is it time to get more selective, perhaps more defensive? joining us again is chris leavy. chris, welcome back. >> thanks for having me. >> you were right on. what do you think today given the backdrop of what's happening over in europe, combined with the fact that we've come so far in the stock market? >> sure, so in the very short term, we are -- we are overbought. so in the short term, some kind of modest pullback would be...
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Mar 21, 2013
03/13
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what we see now is the cyclicals trading at 11% to 12% to the defensives. we think the premium is too high on the defensive so we'd rather be in the area where we get more upside leverage and better valuation. >> mike, here. simon here. do you like the industrials, too, with the strengthening of the dollar, you still very much in favor of the materials? >> yeah. i think one of the concerns obviously we have is if the dollar continues to strengthen from here, will that have a big impact on corporate earnings going forward? right now given what we've seen so far in terms of the move in the dollar, you know, that translates into less than a $1 impact in terms of our earnings estimate 2013, but obviously if the dollar were to continue to grind higher from here, that's going to become a bigger issue for the repatriation of earnings. >> was your tech thesis thrown a bit of a wrench? cisco downgraded today. should we be more worried about tech spending than perhaps we are? >> look, again, i think that there's a lot of kind of back and forth on this right now. we r
what we see now is the cyclicals trading at 11% to 12% to the defensives. we think the premium is too high on the defensive so we'd rather be in the area where we get more upside leverage and better valuation. >> mike, here. simon here. do you like the industrials, too, with the strengthening of the dollar, you still very much in favor of the materials? >> yeah. i think one of the concerns obviously we have is if the dollar continues to strengthen from here, will that have a big...
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Mar 22, 2013
03/13
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slightly more defensive tone of the market. when you get health care and consumer staples up there in the market leaders, that's a slightly more defensive tone. health care just went negative as you can see there. take a look at the earnings situation. mike ron for once didn't complain about pricing. we saw some nike on the upside as well, and tiffany also as well on their earnings report. oracle, fedex, caterpillar, that's going to weigh on the markets. here we are for the quarter. five trading days. you know what's remarkable to me, simon. back a year or two ago uncertainty in cyprus would have been a down day. they would have known what we're going to happen. call everybody and we think there's going to be a resolution over the weekend so the psychology is flipped around to the idea that it's going to be resolved. >> europeans have got their act together as well. we didn't know if they were asleep on the job. >> thank you very much. >> technicians are getting excited about apple. let's head down to the nasdaq. seema modi has
slightly more defensive tone of the market. when you get health care and consumer staples up there in the market leaders, that's a slightly more defensive tone. health care just went negative as you can see there. take a look at the earnings situation. mike ron for once didn't complain about pricing. we saw some nike on the upside as well, and tiffany also as well on their earnings report. oracle, fedex, caterpillar, that's going to weigh on the markets. here we are for the quarter. five...
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Mar 25, 2013
03/13
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pharmaceuticals, consumer tapele stocks, traditional defensive stocks. i would stay away from telecom. those valuations have been stretched. utilities also. they have very little rev newspaper growth. you want to avoid that. >> money center banks especially an area for croprofit taking. on average up 20%. superregionals up only 10%. they're cheaper and better managed. >> go for the quality. that's the message. >> a nice place to tie it all up. >> matt and oliver, good to see you both. >>> coming up next, we're coming back with the dance? >> where if you think oliver's 5% to 7% pullback prediction is bad, you haven't heard anything yet. the uberbear, harry dent is back with us. his bloom mgloomy outlook might enough to send investors into hibernation. he's been wrong so far. what's changed? we'll ask him coming up. [ male announcer ] this is a reason to look twice. the stunning lexus es. get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. it's delicious. so now we've turned her toff
pharmaceuticals, consumer tapele stocks, traditional defensive stocks. i would stay away from telecom. those valuations have been stretched. utilities also. they have very little rev newspaper growth. you want to avoid that. >> money center banks especially an area for croprofit taking. on average up 20%. superregionals up only 10%. they're cheaper and better managed. >> go for the quality. that's the message. >> a nice place to tie it all up. >> matt and oliver, good to...
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Mar 25, 2013
03/13
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KRON
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on wednesday they will take the defensive marriage act. the coast guard will continue its search of half moon bay for a 22 year old and that it disappeared. this happened yesterday for around 2: near pillar point he was playing football and he turned around that he was gone. >> the rain was so bad yesterday that it forced the delay and evacuation of the arnold palmer invitational at bay hill in florida. as you can see here there was heavy rains. whipping winds. and rapidly moving water. at one point that a tornado warning was issued. despite the storm there were no immediate reports of damage to the course. this marks the third time this year that weather has delayed a p-g-a tournament. what about the bay area?lets turn to erica kato to get bring you more on your local forecast. a 20 percent chance thursday, friday, the increasing chances but isolated showers as we go towards the weekend. we certainly have our changes coming up in the bay area. we are starting off with a mild morning. also areas of locally dense fog to talk about. 4 mi. of
on wednesday they will take the defensive marriage act. the coast guard will continue its search of half moon bay for a 22 year old and that it disappeared. this happened yesterday for around 2: near pillar point he was playing football and he turned around that he was gone. >> the rain was so bad yesterday that it forced the delay and evacuation of the arnold palmer invitational at bay hill in florida. as you can see here there was heavy rains. whipping winds. and rapidly moving water....
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Mar 26, 2013
03/13
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. >> a lot of people would be surprised this traditionally defensive space is among the, you know, the leadership groups in what has been for the most part a fairly risk-on market. >> fairly, fairly understandable, in fact, in my opinion. growth is getting a whole lot better for at least two reasons. as you look at the big drug companies, the patent clip is now a little sand dune. it's pretty well behind us. and secondly, research output has accelerated very substantially. there's lots of news in pharma, biotech and so on and also lots of news elsewhere in health. i'm not a bit surprised it's taken off like this. >> even today, if you look at pharma stocks, a number of them hitting 11 1/2 year highs, whether bristol-myers, lily, jng. your top holding is roche, gilead, sanofi and merck. why can the gains in those continue to go? >> you're going to keep seeing some of that. we can go through a variety of issues. the hot thing right now is we're heavily invested in roche for their cancer position. about june 1st, however, you have coming up something called the american society of clinica
. >> a lot of people would be surprised this traditionally defensive space is among the, you know, the leadership groups in what has been for the most part a fairly risk-on market. >> fairly, fairly understandable, in fact, in my opinion. growth is getting a whole lot better for at least two reasons. as you look at the big drug companies, the patent clip is now a little sand dune. it's pretty well behind us. and secondly, research output has accelerated very substantially. there's...
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Mar 26, 2013
03/13
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the defense of marriage act limits the definition of marriage. victory of state john kerry meeting again with afghan president a day after they put on a show following the recent anti-american remarks. his pressing concerns for the 2014 troop withdrawal will mean for women and afghan commerce. that is a look at the fox news minute. back to dagen and connell. dagen: thank you. connell: emergency manager taking over detroit and leaders at this point fear what might happen next. dagen: live from the motor city. the rain reigns of detroit haven handed over. what is going on? >> they certainly have, dagen and connell. good afternoon. at the direction of governor schneider. a manager has begun what amounts to a hostile takeover of detroit. he has his first city council meeting today and was greeted by demonstrators downtown, but 100 of them, upset because he overrides the city council and the mayor for whom they voted. also upset his likely to make major slices in the city budget. a long-term debt of $14 billion. >> if we can do this, i will have parti
the defense of marriage act limits the definition of marriage. victory of state john kerry meeting again with afghan president a day after they put on a show following the recent anti-american remarks. his pressing concerns for the 2014 troop withdrawal will mean for women and afghan commerce. that is a look at the fox news minute. back to dagen and connell. dagen: thank you. connell: emergency manager taking over detroit and leaders at this point fear what might happen next. dagen: live from...
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Mar 25, 2013
03/13
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and i think the department of defense won big and the american people did, too. stuart: by the way, the dow's rally has just about gone away completely. we're up 2 points. we were up 40. a bit more than that at the opening bell. rent versus buy, the age old debate, our next guest says buy. rapid realty ceo anthony lolly is back, welcome back. >> thank you. stuart: you're grinding your own ax, you sell houses so of course you'll say buy them. step back and be objective. make the case in a major metropolitan area in america today. is that the case. >> that's the case. institutional investors are disenchanting buyers because they're outbidding them. a traditional buyer third time you get outbid you go back to rent. stuart: why isn't the little guy, a person first forming a household, a first time buyer, why are they not in the market? >> lack of inventory when you don't have selection and don't have choice there's more variety in renting and when you get that gem you jump on it. stuart: go ahead. charles: the american people is still resistent to buying and they are
and i think the department of defense won big and the american people did, too. stuart: by the way, the dow's rally has just about gone away completely. we're up 2 points. we were up 40. a bit more than that at the opening bell. rent versus buy, the age old debate, our next guest says buy. rapid realty ceo anthony lolly is back, welcome back. >> thank you. stuart: you're grinding your own ax, you sell houses so of course you'll say buy them. step back and be objective. make the case in a...
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Mar 25, 2013
03/13
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part of it so you're defensive if things blow up. cyprus we're not worried about. it seems thing are under control. look at france, look at italy, look at spain. these countries are not growing anymore. they're contracting so what does that mean longer term? ashley: you talk about the four tetonic shifts as catalysts for growth which sound very grand indeed. what are those catalysts? >> look, energy, first off. energy with, you've heard about the fracking but further into that, i think that the trade deficit for the u.s., two to three years from now is going to go from deficit to surplus. we haven't had a surplus since 1975. secondly, global trade, global trade is actually very good for the u.s. because it grows the global economy. for instance, there's a new panama canal that is going to really bowler is it the south belt trade from china to other emerging markets. technology is always, we're looking in the technology, there is something called big beta. this is taking technology from cost controls to revenue enhancement. we coined
part of it so you're defensive if things blow up. cyprus we're not worried about. it seems thing are under control. look at france, look at italy, look at spain. these countries are not growing anymore. they're contracting so what does that mean longer term? ashley: you talk about the four tetonic shifts as catalysts for growth which sound very grand indeed. what are those catalysts? >> look, energy, first off. energy with, you've heard about the fracking but further into that, i think...
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Mar 25, 2013
03/13
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dennis: former nfl quarterback and a rare position of playing defense. drew bledsoe. that is today at 1:00 p.m. eastern. cheryl: a quarter till the top of the hour. stocks now and every 15 minutes. nicole petallides. nicole: looking at something in the retail sector and are right now. jcpenney is a name that certainly has been under pressure. you can see the stock is down a half percent. finish line also getting downgraded. down nearly 5% on the day. finish line known for sneakers and such. dollar general beat the street by more than half a percent. lowe's is a window. best buy up over 2%. you have the sound of richard shultz now joining the board. they are working to take this company private. back to you. cheryl: nicole petallides, thank you very much. dennis: today's media minute. how is your bracket doing? the sweet 16 in college basketball. this year may be the last time the final four will be the exclusive product of cbs. cbs and time warner 16 year contract is now in its third year. the final four could move to tnt . the weekend box office getting crude. taking
dennis: former nfl quarterback and a rare position of playing defense. drew bledsoe. that is today at 1:00 p.m. eastern. cheryl: a quarter till the top of the hour. stocks now and every 15 minutes. nicole petallides. nicole: looking at something in the retail sector and are right now. jcpenney is a name that certainly has been under pressure. you can see the stock is down a half percent. finish line also getting downgraded. down nearly 5% on the day. finish line known for sneakers and such....
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Mar 22, 2013
03/13
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there has been something of a defensive characteristic. so i think what we would want to see is washington is not really hitting the markets and the economy as much as we would have thought. is there a rotation or is this cash bleeding off? psychology and sentiment are fickle but they can be powerful. there's not been a big change in the fundamentals. but sentiment, if it shifts, that could be something we want to notice. >> all right. we'll watch for that. thanks, steve. >> roger will be with us. did you see this? i thought it was a mistake. deborah norville. >> what about deborah? >> joining viacom board of directors. do you think one of us could go on the comcast board? doesn't that seem weird that deborah norville is going to be on the board of directors at viacom? i mean, it's great but i'm feeling better about myself. >> she has a syndicated show. >> i hope this won't offend you, but are you going on the board of comcast? the answer to that would be no. >> maybe g.e. maybe it would be a good thing to write. i don't want to be on a bo
there has been something of a defensive characteristic. so i think what we would want to see is washington is not really hitting the markets and the economy as much as we would have thought. is there a rotation or is this cash bleeding off? psychology and sentiment are fickle but they can be powerful. there's not been a big change in the fundamentals. but sentiment, if it shifts, that could be something we want to notice. >> all right. we'll watch for that. thanks, steve. >> roger...
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Mar 26, 2013
03/13
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a little bit of a defensive tone today. teches, financials, sort of on the downside. all the major sectors are to the upside overall. in terms of individual sub sectors strong today. building sectors are good today. ch sherwin williams is up. 411,000 new home sale numbers. not as strong as january. but january we were at a multiyear high on the numbers here. let me show you new home sales here and the important thing is the trend is to the up side. that's the good news. the bad news is this is where we were in 2006 and 2007. and we're at 411 down here. so bear in mind, the trend is up. but it's a long way from the old highs. we're still a long rgs long way from all of that. let's move on. that reallily stalled out. i'm not that worried about it. here's what i watch when i want to look at the total stock market. it's everything. 99% of the market capitalization in the united states. it's bigger than the s&p 500. and we're less than 1%. less than 1% away. this is not what i call signs of deterioration. you can own this. the exchange traded fund. i've been asking people,
a little bit of a defensive tone today. teches, financials, sort of on the downside. all the major sectors are to the upside overall. in terms of individual sub sectors strong today. building sectors are good today. ch sherwin williams is up. 411,000 new home sale numbers. not as strong as january. but january we were at a multiyear high on the numbers here. let me show you new home sales here and the important thing is the trend is to the up side. that's the good news. the bad news is this is...
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Mar 21, 2013
03/13
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in oracle's defense analysts point out that such a strong executer they've had one-off glitches. >> it's always come back. again, i want to point out that i think that there's a lot that's not great. it has been the tale of two economies. there's ken pal from general mills on last night. that's a terrific story. but then you come back and you say, well, look, some of these stocks have been up, up, up, up, that are in that group. there's a big goldman piece today about the industrials. they like a bunch of stocks that are again moved una lot. i don't want to be sanguine here. i think there is a lot of stuff that's not good. >> cisco got downgraded, stock is down 3% right now. overall tech issue -- >> goldman's been saying over an over cisco's been taking share from juniper. obviously there's saying there's no share to be taken. that business is just not that good. oracle -- remember being amy packet, they did that acquisition order to boost. i don't know, if cisco's not doing well why would you want to move big into tellco. >> we mentioned a couple strong reports from home builders. kb ho
in oracle's defense analysts point out that such a strong executer they've had one-off glitches. >> it's always come back. again, i want to point out that i think that there's a lot that's not great. it has been the tale of two economies. there's ken pal from general mills on last night. that's a terrific story. but then you come back and you say, well, look, some of these stocks have been up, up, up, up, that are in that group. there's a big goldman piece today about the industrials....
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Mar 22, 2013
03/13
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. >> we need a legal defense fund. >> thank you for coming on, and i like stolfus. next time i promise you that i'll get it exactly right. you didn't put your stuff in mothballs yet, did you? >> no. >> no, no. >> how many games will you watch today, do you think? >> none. i watch the highlights after. >> at least you watch the show, unlike some people. make sure you join us monday. "squawk on the street" is next. >>> happy friday. welcome to "squawk on the street." i'm melissa lee with jim cramer and scott wapner. let's take a look at -- up by about 42 in pre-market trade and take a look at the pekture in europe because, of course, a lot is hanging on the situation in cyprus. they're weighing business confidence which fell to a 10-month high and came up better than expectations. overnight in asia, the action ng in the nikkei capping its biggest weekly decline since the month of november. >> no deal with the russians makes monday the deadline for cyprus. one spokesman for the cypriot government saying the next few hours will determine the future of his country. a cou
. >> we need a legal defense fund. >> thank you for coming on, and i like stolfus. next time i promise you that i'll get it exactly right. you didn't put your stuff in mothballs yet, did you? >> no. >> no, no. >> how many games will you watch today, do you think? >> none. i watch the highlights after. >> at least you watch the show, unlike some people. make sure you join us monday. "squawk on the street" is next. >>> happy friday....
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Mar 21, 2013
03/13
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the white house considering shifting combat drone authority to the department of defense b which would allow more congressional oversight. the cia has been using unmanned aircraft to target suspected terrorists, but critics complain the program lacks transparency, at least right now. those are your headlines, i'm jamie colby, back to mel shah and lori. ladies? lori: thank you so much, jamie. stocks climbing off the lows of the day, and the dow while it did hit a new intraday high yesterday thanks to the fed, but the next guest sees the dow hitting 16,000 in the next 6-12 months. joining me now, ira walker, managing director at ubs, and i want to remind viewers, the last time you were here, august of 2011, the dow was at 31,000. -- 11,000. we're 14,440 to be exact. but you say there is still room to run and money to be made. why is that? >> we think the dow is going to significantly outperform the s&p 500 over the next three to six months. money managers are going to be forced to buy big cap, mega cap, liquid stocks, and the train is leaving the station. thai got to get into this rally
the white house considering shifting combat drone authority to the department of defense b which would allow more congressional oversight. the cia has been using unmanned aircraft to target suspected terrorists, but critics complain the program lacks transparency, at least right now. those are your headlines, i'm jamie colby, back to mel shah and lori. ladies? lori: thank you so much, jamie. stocks climbing off the lows of the day, and the dow while it did hit a new intraday high yesterday...
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Mar 23, 2013
03/13
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the defense department initially said it would send the notices to some 800,000 civilian employees at the end of this week because of the automatic sequester budget cuts. congress passed legislation to move some money around. the national guard is working to rescind the notices. >> a fund-raiser is being held today in sparks, nevada for the marines wounded in the explosion at the army depot. seven marines were killed on monday when a mortar shell exploded in its firing tube during training at the army depot. >>> there is a revised description this morning of a man suspected of assaulting a woman in vallejo. this is a police sketch of the man. he was initially described as 5' 10" tall, 210 pounds but now police say he's 5' 4" tall. he's accused of grabbing a woman at a park and trying to pull her into a creek bed. the suspect's car is described as an older model silver or gray acura integra two-door. >>> deputies are looking for a man who was mistakenly released from jail. he reportedly walked out of jail yesterday after posing as another inmate set to be released. officials say he did
the defense department initially said it would send the notices to some 800,000 civilian employees at the end of this week because of the automatic sequester budget cuts. congress passed legislation to move some money around. the national guard is working to rescind the notices. >> a fund-raiser is being held today in sparks, nevada for the marines wounded in the explosion at the army depot. seven marines were killed on monday when a mortar shell exploded in its firing tube during...